accouting Flashcards | Quizlet
Steel Rolling Corp. purchased a mine on January 1, 2015, for $500,000 and it is estimated to contain 30,000 tons of iron ore. There is no residual value. The corporation has extracted 2,500 tons of ore in 2015 and 3,800 tons of ore in 2016. What is depletion expense for .
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